Vesuvius plc Result of AGM (7531E)

TIDMVSVS

RNS Number : 7531E

Vesuvius plc

10 May 2017

10 May 2017

Vesuvius plc - Result of Annual General Meeting ("AGM")

Vesuvius plc ("the Company") confirms that, at its AGM held today, each of the resolutions set out in the Notice of Meeting to Shareholders dated 27 March 2017 were passed by the Shareholders. In the absence of the Chairman, the meeting was chaired by Douglas Hurt (Senior Independent Director and Audit Committee Chairman), who in accordance with the Company's Articles of Association was appointed by the Board as Vesuvius plc's Deputy Chairman for the duration of the meeting. A poll was conducted on each resolution at the meeting and the results, certified by the scrutineer Equiniti Limited, were as follows:

 
      RESOLUTIONS       FOR                    AGAINST               TOTAL 
---  ----------------  ---------------------  --------------------  -------------------------- 
                        No. of        % of     No. of       % of     No. of        % of          Votes 
                         votes         votes    votes        votes    votes         Issued        withheld(3) 
                         cast(1)       cast     cast         cast     cast          Share 
                                                                                    Capital(2) 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Receipt 
       of Annual 
       Report and 
 1     Accounts         241,451,209    99.95      130,001     0.05   241,581,210        89.07%      1,379,727 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Declaration 
       of Final 
 2     Dividend         242,960,738   100.00            1     0.00   242,960,739        89.58%            198 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Directors' 
       Remuneration 
 3     Policy           238,743,173    98.86    2,762,888     1.14   241,506,061        89.05%      1,454,874 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Directors' 
       Remuneration 
 4     Report           239,094,321    98.99    2,434,510     1.01   241,528,831        89.05%      1,432,104 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 5     of C Gardell     239,512,842    98.64    3,297,325     1.36   242,810,167        89.53%        150,770 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 6     of H Goh         229,998,135    94.72   12,812,508     5.28   242,810,643        89.53%        150,293 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 7     of J Hinkley     242,635,360    99.93      175,005     0.07   242,810,365        89.53%        150,572 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 8     of D Hurt        242,636,614    99.93      174,228     0.07   242,810,842        89.53%        150,095 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Election 
 9     of H Koeppel     241,600,743    99.50    1,208,606     0.50   242,809,349        89.53%        151,588 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
       of J McDonough 
 10    CBE              242,290,368    99.79      512,149     0.21   242,802,517        89.52%        158,419 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 11    of F Wanecq      241,574,268    99.49    1,237,974     0.51   242,812,242        89.53%        148,695 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Re-election 
 12    of G Young       241,572,377    99.49    1,238,465     0.51   242,810,842        89.53%        150,095 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Appointment 
 13    of Auditor       242,954,791   100.00        3,467     0.00   242,958,258        89.58%          2,679 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Remuneration 
 14    of Auditor       242,954,197   100.00        3,014     0.00   242,957,211        89.58%          3,726 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Authority 
       to incur 
       political 
 15    expenditure      236,792,828    97.52    6,016,138     2.48   242,808,966        89.53%        151,971 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Authority 
       to allot 
 16    shares           241,140,752    99.25    1,815,125     0.75   242,955,877        89.58%          5,060 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Special 
       Resolution: 
       Authority 
       to dis-apply 
       pre-emption 
 17    Rights           242,743,202    99.92      202,362     0.08   242,945,564        89.58%         10,846 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Special 
       Resolution: 
       Additional 
       Authority 
       to disapply 
       pre-emption 
       rights only 
       in connection 
       with an 
       acquisition 
       or specified 
 18    investment       239,865,248    98.73    3,082,684     1.27   242,947,932        89.58%          8,477 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Special 
       Resolution: 
       Authority 
       to purchase 
 19    own shares       240,454,155    99.29    1,728,567     0.71   242,182,722        89.30%        773,687 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
      Special 
       Resolution: 
       Authority 
       to call 
       a general 
       meeting 
       on 14 clear 
 20    days' notice     236,319,940    97.27    6,636,469     2.73   242,956,409        89.58%              0 
---  ----------------  ------------  -------  -----------  -------  ------------  ------------  ------------- 
 

Notes:

1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2. The total number of shares in issue is 278,485,071 of which 7,271,174 shares are held as Treasury shares. Therefore, the total number of voting rights in the Company is 271,213,897.

3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

   4.    All percentages are shown to two decimal places. 

This information will also shortly be available to view on the Company's website at: www.vesuvius.com.

As there were no resolutions passed at the AGM other than resolutions concerning ordinary business, no copies of resolutions have been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2.

For further information, please contact:

Henry Knowles, General Counsel and Company Secretary, [phone]

Virginia Skroski, Investor Relations Manager [phone]

Vesuvius plc

165 Fleet Street

London EC4A 2AE

   Tel:        [phone] 
   Fax:        [phone] 
   Web:     www.vesuvius.com 

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering principally serving the steel and foundry industries.

We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and - increasingly - related technical services including data capture.

We have a worldwide presence. We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.

Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.

Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 10, 2017 09:00 ET (13:00 GMT)